SRC-DBM H.B. 1642 76(R)   BILL ANALYSIS


Senate Research Center   H.B. 1642
76R3725  ESH-DBy: Hochberg (Nelson)
Economic Development
5/2/1999
Engrossed


DIGEST 

Currently, Texas law is unclear as to whether or not the comptroller should
exempt improvements made in a tax increment financing reinvestment zones
created before September 1, 1999, from a school district's taxable value.
H.B. 1642 would set forth provisions regarding the treatment of certain
reinvestment zones for purposes of school finance. 

PURPOSE

As proposed, H.B. 1642 sets forth provisions regarding the treatment of
certain reinvestment zones for purposes of school finance. 

RULEMAKING AUTHORITY

This bill does not grant any additional rulemaking authority to a state
officer, institution, or agency. 

SECTION BY SECTION ANALYSIS

SECTION 1.  Amends Section 403.302(d), Government Code, as amended by
Chapters 109, 1040, and 1071, Acts of the 75th Legislature, Regular
Session, 1997, to redefine "taxable value." 

SECTION 2.  Amends Sections 403.302(e)-(g), Government Code, to set forth
certain captured appraised values to which Subsection (d) (3) applies.
Requires the study to determine the values as of January 1 of each year.
Makes conforming changes. 

SECTION 3.  Amends Section 403.303(a), Government Code, to authorize a
school district or a property owner whose property is included in the study
under Section 403.302, and whose tax liability on the property is $100,000
or  more to protest the comptroller's findings under Section 403.302(g) or
(h), rather than Section 403.302(f) or (g), by filing a petition with the
comptroller of public accounts. 

SECTION 4.Effective date: September 1, 1999.

SECTION 5.Emergency clause.